Hispanic Foods And Beverages In The U.S., 6th Edition
Packaged Facts new report Hispanic Foods and Beverages in the U.S., 6th Edition, covers the efforts marketers are making as well as what currently appeals to consumers. The report projects that sales of Hispanic foods and beverage in the U.S. will increase in size from close to $17.5 billion in 2015 to over $21 billion in 2020, a compound annual growth rate (CAGR) of 3.8%. Supporting this solid growth will be the ongoing increase of the Hispanic American population, both in numbers and as a share of the total population; the growing sophistication of the mainstream population in terms of their acceptance of and desire for new dining experiences; and the creative efforts of the marketers to fulfill consumer desire.
Scope and Methodology
Hispanic Foods and Beverages in the U.S., 6th Edition covers consumer likes and dislikes about these products and how marketers are moving to meet their concerns. Categories addressed in the report include tortillas, tortilla chips, salsa, taco kits, sauces and spices, non-alcoholic beverages, Hispanic coffees and alcoholic beverages, among others.
Market estimates within this report were based on both public and syndicated data sources. Packaged Facts has analyzed available sales and trend data, together with information pertaining to those products that move through unmonitored outlets, to estimate the total size of the market for the products in the categories under consideration.
Sales and market size data sources include:
IRI sales tracking through U.S. supermarkets and grocery stores, drugstores, and mass merchandisers (including Target, Kmart, and Wal-Mart) with annual sales of $2 million or more.
In addition, the report draws on data from the Spring 2016 Simmons NCS Adult Study 12-Month.
Packaged Facts National Consumer Survey, conducted in July-August 2016 with a sample size of 2,000 U.S. adults age 18+.
Information on new product introductions was derived from examination of the retail milieu and from relevant trade, business, and government sources, including company literature and annual reports. Company websites, Facebook, and Twitter pages served as sources for new advertising and marketing images and messaging.
Information on new product introductions was derived from examination of the retail milieu and from relevant trade, business, and government sources, including company literature and annual reports.
Executive Summary
Scope of This Report
Products Outside Scope
A Note about Nomenclature
Methodology
The Market for Hispanic Foods and Beverages
Market Trends
Table Distribution of the Projected Population by Hispanic Origin and Race for the United States, Number in Thousands and Percent: 2015 to 2060
Table Total U.S. Retail Sales of Hispanic Foods and Beverages, 2011-2015 (in millions)
Table Projected U.S. Retail Sales of Hispanic Foods and Beverages, 2016-2020 (in millions)
The Competitive Environment
Retailer Environment
Foodservice Environment
Table Menu Penetration by Major Hispanic Food Types, 2005 vs. 2016
New Products and Trends
The Consumer
Table Hispanic Food Consumption at Home and Away From Home
Market Trends
Key Points
Growth and Change in Population as a Market Factor
Hispanic Influence on U.S. Food and Beverage Market Continues to Grow
Table Distribution of the Projected Population by Hispanic Origin and Race for the United States, Number in Thousands and Percent: 2015 to 2060
Dynamics of the Hispanic Population
Consumers of Hispanic Foods and Beverages Are Wide and Varied
Mexico Accounts for Two-Thirds of U.S. Hispanics
Table Hispanic Population by Country of Origin, 2014 (in thousands)
U.S.-Born Latinos Spark Hispanic Population Growth
Changing Language Skills
Differences in Acculturation Have Many Implications
Table Attitudes of U.S-Born and Foreign-Born Hispanics Toward Maintaining Hispanic Culture: By Acculturation Segment, 2015
Hispanic Consumers Make Major Shifts in Spending Priorities
Table Share of Total Annual Consumer Expenditures by Hispanic Households: By Expenditure Category, 2012 vs. 2015
Hispanic Food Insecurity
What Are Hispanic Foods and Beverages?
Common Hispanic Foods and Beverages
Table Selected Hispanic Foods and Beverages
Driving the Market
`Free From' Foods Expanding
100% Natural
Ancient Grains
Market Size and Growth
Hispanic Food and Beverage Sales Top $17 billion in 2015
Table Total U.S. Retail Sales of Hispanic Foods and Beverages, 2011-2015 (in millions)
Most Categories Exhibit Solid Growth
Table IRI-Tracked Hispanic Foods, 2015-2015 (in millions)
Hispanic Cheeses
Table Retail Sales of Hispanic Cheeses, 2011-2015 (in millions)
Hispanic Beverages
Future Market Growth
Market Forecast
Table Projected U.S. Retail Sales of Hispanic Foods and Beverages, 2016-2020 (in millions)
Beverage Categories Gain Share
Table Change in Category Shares, 2016-2020
Several Trends Will Influence Hispanic Food and Beverage Development
Potential Impact of Cuba
The Multicultural Marketing Message
The Competitive Environment
Key Points
A Wide Variety of Marketers
Table Participation by Food Product Category for Major Marketers/Brands, 2016
Leading U.S.-Based Marketers
B&G Foods
Cacique
Campbell Soup
ConAgra
General Mills
Goya
Hain Celestial
Hormel
J.M. Smucker/Rowland Coffee Roasters
Juanita's Foods
Kraft Heinz
La Preferida
La Tortilla Factory
Marquez Brothers
Olé Mexican Foods
PepsiCo/Frito-Lay
Truco Enterprises
Major Hispanic Marketers
Concha y Toro
Gruma
Grupo Bimbo/Bimbo Bakeries
Grupo Lala
Grupo Modelo
Jose Cuervo
Patrón
Sauza
Marketer Shares
PepsiCo/Frito-Lay and Gruma/Mission Are Market Leaders